SHE:002085 Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Jan '23 Jan 1, 2023	Jan '22 Jan 1, 2022	Dec '20 Dec 31, 2020
Cash & Equivalents	1,814	1,851	1,892	1,753	1,321	1,675
Trading Asset Securities	4.01	3.62	6.32	2.84	9.3	5.31
Cash & Short-Term Investments	1,818	1,854	1,899	1,756	1,331	1,680
Cash Growth	-1.80%	-2.34%	8.12%	32.00%	-20.81%	-33.21%
Accounts Receivable	4,572	4,960	4,380	4,282	3,359	2,697
Other Receivables	183.45	97.08	83.72	85.27	75.47	68.32
Receivables	4,755	5,057	4,464	4,367	3,435	2,766
Inventory	3,401	2,731	2,782	3,165	2,568	2,310
Other Current Assets	286.36	312.62	280.65	319.47	368.81	253.74
Total Current Assets	10,260	9,955	9,425	9,608	7,702	7,009
Property, Plant & Equipment	4,244	4,129	4,344	4,688	4,883	5,131
Long-Term Investments	24.73	24.67	28.92	30.4	13.49	5.3
Goodwill	1,329	1,285	1,363	1,583	1,631	1,663
Other Intangible Assets	1,549	1,482	1,569	1,546	1,573	1,665
Long-Term Accounts Receivable	-	12.94	20.2	25.8	7.15	-
Long-Term Deferred Tax Assets	214.52	216.1	259.21	321.2	279.48	263.44
Long-Term Deferred Charges	681.7	477.74	431.46	371.68	286.41	227.71
Other Long-Term Assets	364.21	236.01	204.29	12.48	14.15	7.46
Total Assets	18,668	17,818	17,645	18,187	16,389	15,973
Accounts Payable	1,316	1,770	1,561	1,563	1,218	1,128
Accrued Expenses	231.38	441.88	663.42	668.16	472.44	279.71
Short-Term Debt	2,247	2,208	3,349	4,443	4,260	3,544
Current Portion of Long-Term Debt	478.89	237.16	263.42	634.93	570.48	-
Current Portion of Leases	-	17.71	27.14	40.67	36.34	-
Current Income Taxes Payable	136.52	119.6	85.51	151.46	42.6	39.19
Current Unearned Revenue	976.16	894.14	901.45	871.98	671.19	512.84
Other Current Liabilities	361.17	264.74	231.45	263.47	191.35	1,109
Total Current Liabilities	5,748	5,953	7,082	8,637	7,463	6,613
Long-Term Debt	1,776	1,763	639.09	476.32	1,017	1,179
Long-Term Leases	166.8	104.9	116.34	177.2	150.64	-
Long-Term Unearned Revenue	85.56	106.57	145.46	163.7	195.04	214.27
Long-Term Deferred Tax Liabilities	183.62	182.38	205.21	280.11	263.59	268.63
Other Long-Term Liabilities	216.02	91.73	77.71	76.68	46.71	189.2
Total Liabilities	8,175	8,201	8,266	9,811	9,136	8,464
Common Stock	2,123	2,123	2,142	2,142	2,187	2,187
Additional Paid-In Capital	63.18	47.34	6.2	-	-	-
Retained Earnings	5,499	4,982	4,789	4,412	3,890	3,780
Treasury Stock	-100.94	-140.68	-296.46	-439.64	-771.81	-571.81
Comprehensive Income & Other	12.68	-76.11	87.44	-60.75	-199.41	-41.32
Total Common Equity	7,597	6,936	6,727	6,053	5,106	5,354
Minority Interest	2,896	2,681	2,652	2,323	2,147	2,155
Shareholders' Equity	10,493	9,617	9,379	8,376	7,253	7,509
Total Liabilities & Equity	18,668	17,818	17,645	18,187	16,389	15,973
Total Debt	4,668	4,330	4,395	5,772	6,035	4,723
Net Cash (Debt)	-2,851	-2,476	-2,496	-4,016	-4,705	-3,043
Net Cash Per Share	-1.37	-1.21	-1.20	-1.94	-2.26	-1.45
Filing Date Shares Outstanding	2,262	1,905	2,072	2,072	2,072	2,072
Total Common Shares Outstanding	2,262	1,905	2,072	2,072	2,072	2,072
Working Capital	4,512	4,002	2,343	971.61	238.87	396.37
Book Value Per Share	3.36	3.64	3.25	2.92	2.46	2.58
Tangible Book Value	4,719	4,170	3,795	2,925	1,902	2,025
Tangible Book Value Per Share	2.09	2.19	1.83	1.41	0.92	0.98
Buildings	-	3,275	3,226	3,130	3,055	3,086
Machinery	-	5,433	5,109	5,442	5,188	5,049
Construction In Progress	-	256.24	251.66	227.87	222.94	258.97

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.